Stock of Apache Corp. surged more than 25 percent Tuesday after the Houston energy firm confirmed it struck oil offshore of the small South American nation of Suriname. Just two weeks after Apache formed a joint venture with the French energy major Total, the two companies said they’ve made a significant oil discovery that could…
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The find, in a block measured at 1.4 million acres, also offers significant potential beyond the current discovery, says Apache’s CEO. Apache (APA) – Get Report shares gushed after the Houston energy explorer and partner Total (TOT) – Get Report said they found significant oil offshore Suriname. Shares of Apache at last check were up 20% at $30.81. American depositary receipts…
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Around the world the energy transition and extinction discussions and debates led the energy news agendas in company boardrooms in 2019, but the impact on exploration drilling is not yet apparent, according to market research provider Westwood Global Energy Group. Westwood said on Thursday that the global high impact well count in 2019 was 91 wells,…
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